Elliot Professional Services Network Inc

“Jeffrey Rooney, who served as Chief Financial Officer during the fiscal year covered by this 990 filing, was a contracted employee through Martinville Dunn, LLC, an unrelated organization. Compensation, totaling $291,819, was paid to the LLC by the Hospital for his services. As the fees paid to Martinville Dunn, LLC were paid for Mr. Rooney's services to the entire related party system, an accurate breakdown of this fee relative to the filing organization is not readily determinable. In accordance with IRS instructions, this fee is not to be reported as compensation on Form 990, Part VII-A or Schedule J, Part II. Rather, it is disclosed in Schedule O for Form 990, Part Part VI, Line 3 and further described in the supplemental information section of Schedule J, Part III. See also, Schedule L.”

“Elliot Hospital is the sole member of the reporting organization.”

“Elliot Hospital, the sole member of the reporting organization, has the right to ratify the election of all Board members of Elliot Professional Services Network. Additionally, representatives from the sole member share equal representation on the Board of Trustees with the filing organization.”

“The sole member, Elliot Hospital, has the right to the following governance decisions: approval of Elliot Professional Services Network's annual budget, approval of Bylaws and Articles of Organization and amendments of same, and approval of strategic plans.”

“The completed Form 990 is presented to the full Board prior to filing. Board members can review the draft and bring any questions forward for discussion prior to filing.”

“Officers, directors and key employees are required annually to sign a conflict of interest form which requires reporting any potential conflict of interest arrangements with the organization.”

“The compensation committee of the board utilizes outside compensation consultants to evaluate the salaries for the CEO, CFO, and COO. The consultants utilize their internal data along with national and local benchmark data from the industry to develop salary levels. Recommendations of the consultant are reviewed by the compensation committee, who recommends compensation levels to the full Board for approval. An outside consulting firm is also used by the organization to review the compensation of the remainder of the Vice Presidents. Again, national and local benchmarks for salaries are consulted to determine salary levels for these positions.”

“Each of these documents is filed with the New Hampshire Secretary of State and is available upon request.”

“In March of 2017, former Elliot Health System's Chief Executive Officer, Douglas F. Dean, came out of retirement to again resume this role that he previously had held before retiring in June 2014. As this event occurred after the fiscal year covered by this Form 990 filing, he is being listed in Part VII as a "former officer" in accordance with IRS instructions.”

“Transfer from Affiliates 23,055,000. Pension Adjustment -830,397.”

“The audit process has not changed from the prior year.”